Key stats
About NYLI U.S. Large Cap R&D Leaders ETF
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Inception date
Feb 8, 2022
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
New York Life Investment Management LLC
Distributor
ALPS Distributors, Inc.
LRND focuses on large-cap US companies with the highest expenditures on research and development (R&D). This is expected for innovation and development of concepts for new products or services by which the company can increase revenues. The issuer believes R&D spending is an indicator of a firms growth potential and expansion capabilities. Starting with the Russell 1000 Index constituents, the fund selects and weights the top 100 companies based on the most recently reported dollar amount of R&D spending during the previous year. The fund pulls the R&D data from a FactSet standardized table which aims to reconcile companies reporting differences. The index reconstitutes and rebalances quarterly so that no individual security exceeds 5% weight. LRND is part of IndexIQs Research and Development ETFs suite along with MRND and WRND, which focuses on US mid-caps and global equities, respectively. Prior to Aug. 28, 2024, the fund name was branded under IndexIQ.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Electronic Technology
Health Technology
Stocks99.98%
Technology Services30.89%
Electronic Technology26.57%
Health Technology23.94%
Retail Trade7.60%
Consumer Durables4.92%
Producer Manufacturing2.69%
Commercial Services1.20%
Transportation0.87%
Consumer Services0.69%
Consumer Non-Durables0.36%
Process Industries0.26%
Bonds, Cash & Other0.02%
Cash0.02%
Stock breakdown by region
North America98.56%
Europe1.44%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
LRND invests in stocks. The fund's major sectors are Technology Services, with 30.89% stocks, and Electronic Technology, with 26.57% of the basket. The assets are mostly located in the North America region.
LRND top holdings are Amazon.com, Inc. and Apple Inc., occupying 7.32% and 6.34% of the portfolio correspondingly.
LRND last dividends amounted to 0.08 USD. The quarter before, the issuer paid 0.09 USD in dividends, which shows a 9.92% decrease.
LRND assets under management is 8.30 M USD. It's risen 5.65% over the last month.
LRND fund flows account for 5.13 K USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, LRND pays dividends to its holders with the dividend yield of 0.92%. The last dividend (Jul 7, 2025) amounted to 0.08 USD. The dividends are paid quarterly.
LRND shares are issued by New York Life Insurance Co. under the brand New York Life Investments. The ETF was launched on Feb 8, 2022, and its management style is Passive.
LRND expense ratio is 0.14% meaning you'd have to pay 0.14% of your investment to help manage the fund.
LRND follows the NYLI U.S. Large Cap R&D Leaders Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
LRND invests in stocks.
LRND price has risen by 5.73% over the last month, and its yearly performance shows a 11.79% increase. See more dynamics on LRND price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.74% over the last month, showed a 24.37% increase in three-month performance and has increased by 10.72% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 5.74% over the last month, showed a 24.37% increase in three-month performance and has increased by 10.72% in a year.
LRND trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.